Premier League chairmen have unanimously agreed to change current ownership rules.

The rule change will help regulate and block takeover bids from sources with questionable financial history.

The changes come after the Premier League blocked recent bids for Southampton and Hull City by Chinese investors.

Sky Sports report that a source close to the chairmen said the clubs had voted so they had "the power to impose such conditions as it sees fit in order to ensure compliance with PL Rules on finance, Owners and Directors Test, disclosure of ownership issues and associations and influence."

Chinese businessman Gao Jisheng's £200m offer to take control of Southampton was denied after it was revealed he had been charged with bribery offences in his homeland.

Hull faced a similar issue when Chinese siblings Dai Yongge and Hawken Xiu Li attempted to buy the club.

It was later revealed by the Financial Times that Dai had 'several red flags' over his commercial background.